LEU

LIS Technologies Inc. Announces Oversubscribed $1.3 Million Seed Funding Round Led by Advanced Nuclear Technology Investors to Fund the Rebirth of the Only USA-Origin Patented Laser Uranium Enrichment Technology in the World

Retrieved on: 
Monday, March 25, 2024
Uranium, Nuclear, Isotope, Oak Ridge National Laboratory, Growth, Argonne National Laboratory, Patent, White, Regulatory affairs, Indefinite, Research, University, IDIQ, MBA, Doctor of Philosophy, LIS, Chief Scientific Adviser, HALEU, Government, Fiscal, LEU

This unique laser-based method enhances energy efficiency and can be implemented at highly competitive capital and operational expenses.

Key Points: 
  • This unique laser-based method enhances energy efficiency and can be implemented at highly competitive capital and operational expenses.
  • Ambassador to Russia and distinguished research and development staff member in the Nuclear Security and Isotope Technology Division at Oak Ridge National Laboratory.
  • In late October, the White House requested $2.2 billion for domestic uranium enrichment capabilities.
  • In March, the Fiscal Year 2024 Energy and Water Development Appropriations Act passed , allocated $1.685 billion towards nuclear energy research and development.

LIS Technologies Inc. Strengthens its Technical Team with the Addition of Randall L. Beatty, Ph.D. as its Director for Regulatory Affairs

Retrieved on: 
Thursday, March 7, 2024
LEU, IAEA, Uranium, Research, African, Regulatory affairs, MBA, Chief Scientific Adviser, Nuclear, Nuclear fuel, Doctor of Philosophy, International Atomic Energy Agency, Technology Center, Oak Ridge National Laboratory, Primary energy, Nuclear energy, LIS, DOE, Senate, National security, ISTC, HALEU, Uranium mining

Ambassador to Russia and distinguished research and development staff member in the Nuclear Security and Isotope Technology Division at Oak Ridge National Laboratory, as its Director for Regulatory Affairs.

Key Points: 
  • Ambassador to Russia and distinguished research and development staff member in the Nuclear Security and Isotope Technology Division at Oak Ridge National Laboratory, as its Director for Regulatory Affairs.
  • “The United States has shown a strong interest in finding safe, domestic energy solutions,” said Randall L. Beatty, Ph.D., Director for Regulatory Affairs for LIS Technologies Inc. “Nuclear energy presents a promising option to meet this demand.
  • Figure 1 - LIS Technologies Inc. Appoints Randall L. Beatty, Ph.D., as its Director for Regulatory Affairs.
  • He was also a senior diplomatic officer in Moscow Russia and the Deputy Executive Director for the International Science and Technology Center (ISTC).

BWXT Subsidiary Awarded $122 Million Contract Extension for Uranium Downblending Services

Retrieved on: 
Wednesday, February 14, 2024
Aerospace, Manufacturing, Other Energy, Nuclear, Utilities, Other Defense, Defense, Alternative Energy, Contracts, Energy, Engineering, LEU, TVA, Tennessee Valley, Uranium, BWX Technologies, Form 10-K, BWXT, HEU, Annual report, Government, NNSA, Enriched uranium, NFS, Unitary state, Security (finance), Risk, Uranium mining

BWX Technologies, Inc. (NYSE: BWXT) today announced that its Nuclear Fuel Services, Inc. (NFS) subsidiary was awarded a $122 million contract extension from the Tennessee Valley Authority (TVA) for the downblending of highly enriched uranium (HEU) into low enriched uranium (LEU).

Key Points: 
  • BWX Technologies, Inc. (NYSE: BWXT) today announced that its Nuclear Fuel Services, Inc. (NFS) subsidiary was awarded a $122 million contract extension from the Tennessee Valley Authority (TVA) for the downblending of highly enriched uranium (HEU) into low enriched uranium (LEU).
  • Under this contract, NFS will continue to provide downblending services to the TVA in support of the National Nuclear Security Administration’s (NNSA) defense programs objectives.
  • This contract extension continues the current downblending operations from July 2025 to June 2027.
  • “This contract extension also enables operations and engineering continuity with our uranium conversion and purification contract with NNSA.”
    Downblending is a process in which HEU is mixed with natural uranium resulting in LEU needed for various commercial and national defense purposes.

Kazakhstan's Former President Nazarbayev Addresses Astana Club on Urgent Need for Nuclear Détente

Retrieved on: 
Friday, December 15, 2023
Club, Astana Club, LEU, Safety, Bank, Conventional weapon, Strategic planning, Natural uranium, Uranium, Global Alliance, GAL, Speech, IAEA, Clock skew, Uranium mining

During his traditional speech, the Club's chairman, former Kazakh President Nursultan Nazarbayev, stated the need for urgent actions to achieve international nuclear détente.

Key Points: 
  • During his traditional speech, the Club's chairman, former Kazakh President Nursultan Nazarbayev, stated the need for urgent actions to achieve international nuclear détente.
  • "In January of 2023 the Doomsday Clock was moved forward by 10 seconds - to 90 seconds to midnight.
  • As a positive example in global nuclear disarmament, Nazarbayev cited the experience of Kazakhstan under his leadership.
  • Therefore, today ensuring the safety of nuclear facilities in the zone of war conflicts require urgent joint efforts of all international community.

Kazakhstan's Former President Nazarbayev Addresses Astana Club on Urgent Need for Nuclear Détente

Retrieved on: 
Friday, December 15, 2023
Club, Astana Club, LEU, Safety, Bank, Conventional weapon, Strategic planning, Natural uranium, Uranium, Global Alliance, GAL, Speech, IAEA, Clock skew, Uranium mining

During his traditional speech, the Club's chairman, former Kazakh President Nursultan Nazarbayev, stated the need for urgent actions to achieve international nuclear détente.

Key Points: 
  • During his traditional speech, the Club's chairman, former Kazakh President Nursultan Nazarbayev, stated the need for urgent actions to achieve international nuclear détente.
  • "In January of 2023 the Doomsday Clock was moved forward by 10 seconds - to 90 seconds to midnight.
  • As a positive example in global nuclear disarmament, Nazarbayev cited the experience of Kazakhstan under his leadership.
  • Therefore, today ensuring the safety of nuclear facilities in the zone of war conflicts require urgent joint efforts of all international community.

ASP Isotopes Issues Letter to Shareholders

Retrieved on: 
Tuesday, October 3, 2023
Semiconductor, NEI, Uranium, Electronics, Nuclear Energy Institute, Electricity, LEU, Isotope, DOE, Lithium, HALEU, Plant, Coal, Rolls-Royce SMR, Laser, ASPI, United Kingdom, SMR, Letter, Nuclear energy, Void coefficient, Safety, Carbon-14, United States Department of Energy, Rare-earth element, Renewable energy, Uranium mining, Insurance

WASHINGTON, Oct. 03, 2023 (GLOBE NEWSWIRE) -- ASP Isotopes Inc. NASDAQ: ASPI ("ASPI,” or the “Company”), an advanced materials company dedicated to the development of technology and processes designed to produce isotopes used in multiple industries, today released the following letter to shareholders from its Chairman and CEO, Paul Mann.

Key Points: 
  • WASHINGTON, Oct. 03, 2023 (GLOBE NEWSWIRE) -- ASP Isotopes Inc. NASDAQ: ASPI ("ASPI,” or the “Company”), an advanced materials company dedicated to the development of technology and processes designed to produce isotopes used in multiple industries, today released the following letter to shareholders from its Chairman and CEO, Paul Mann.
  • The company plans to use that cash flow to start the construction of additional plants in 2024 for other isotopes.
  • The United States Department of Energy (DOE) and every other Western government identifies isotopes as a critical material.
  • We hope to sign more supply agreements for essential isotopes in the coming months.

MoltexFLEX turns up the power on FLEX reactor development

Retrieved on: 
Monday, September 11, 2023
Science, Kilowatt-hour, Electricity, LEU, FLEX, Economics, Engineering, Renewable energy, Uranium mining

In doing so, the company will expand its operations and has significantly refined the design of the innovative FLEX small modular reactor – delivering a 50% boost in power, while maintaining targets for overnight capital cost and cost per MWh.

Key Points: 
  • In doing so, the company will expand its operations and has significantly refined the design of the innovative FLEX small modular reactor – delivering a 50% boost in power, while maintaining targets for overnight capital cost and cost per MWh.
  • Despite recent global increases in commodity prices, the FLEX reactor is still able to generate electricity for less than £30/MWh.
  • "We have firmly established the core aspects of the FLEX as we ramp up engineering design," said MoltexFLEX Head of Engineering Chris Hankinson.
  • "The science and engineering of the FLEX reactor has moved on apace," said MoltexFLEX CEO David Landon.

LIS Technologies Inc. Acquires 100% of CRISLA Inc., a USA Company That Holds a Patented Advanced Laser Enrichment Technology Viable for the Domestic Production of High-Assay Low Enriched Uranium (HALEU)

Retrieved on: 
Monday, August 14, 2023
Uranium, WPAFB, Atomic Energy Act of 1946, II, Congress, CO, Inflation, Acquisition, Patent, HEU, Berkeley, R, United States Patent and Trademark Office, Isotope, Nuclear engineering, GLE, University, MS, HALEU, Molecular laser isotope separation, VII, LIS, EUV, Entrepreneurship, Stellenbosch University, Intellectual property, Laser, USAF, Nuclear fuel, Eye, Nuclear energy, Physics, United States Congress, United, Void coefficient, UO2, SF6, LEU, DOE, Extreme ultraviolet, Laser isotope separation, Architecture, UF6, Inflation Reduction Act of 2022, MLIS, FTD, CO2, U3O8, Extracted, European Parliament Liaison Office with the US Congress, Rare-earth element, Uranium mining

A registered nuclear engineer in the State of California, he explored Molecular Laser Isotope Separation (MLIS) of gaseous UF6 and hexafluorides MoF6 and SF6.

Key Points: 
  • A registered nuclear engineer in the State of California, he explored Molecular Laser Isotope Separation (MLIS) of gaseous UF6 and hexafluorides MoF6 and SF6.
  • He has hands-on experience with nuclear reactors, uranium enrichment, nuclear rockets, and space satellite engineering.
  • He is an accomplished professional with 35 years of diverse technical & management experience in advanced laser & optical systems and applications.
  • Furthermore, the US Congress, through the Inflation Reduction Act, provided $700 million to support the development of a domestic supply chain for high-assay low-enriched uranium.

Terrestrial Energy and Westinghouse Sign Contract for IMSR Fuel Plant at Springfields with UK Government Support

Retrieved on: 
Thursday, August 3, 2023
Terrestrial Energy, Partnership, Integral Molten Salt Reactor, CNSC, LEU, Canadian Nuclear Safety Commission, USD, Government, HALEU, UK Government Investments, Plant, Springfields, Nuclear energy, Government of the United Kingdom, GBP, Transport, Fourth generation, Uranium mining, Renewable energy, Westinghouse, IMSR

The new contract will deliver a pilot plant in advance of a scaled-up facility for commercial reactor fuel supply to a fleet of IMSR plants.

Key Points: 
  • The new contract will deliver a pilot plant in advance of a scaled-up facility for commercial reactor fuel supply to a fleet of IMSR plants.
  • The UK Government has committed GBP 2.9 million (USD $3.8 million) to establish the pilot plant under its Nuclear Fuel Fund program, part of the UK’s energy security strategy.
  • The contract is a result of partnership between Terrestrial Energy, Westinghouse Springfields Fuels and UK National Nuclear Laboratories, and follows the scoping and planning agreement signed in July 2021 .
  • “We are excited to work with Terrestrial Energy to develop a pilot plant creating next-generation nuclear fuel at Springfields to power molten salt reactors,” said Tarik Choho, President of Westinghouse Nuclear Fuel.

KEPCO Nuclear Fuel, GS Engineering & Construction, and Seaborg sign a Memorandum of Understanding for Fuel Salt production

Retrieved on: 
Monday, June 19, 2023
KEPCO, GS Group, KNF, LEU, Research, KEPCO Nuclear Fuel, Engineering, Fluoride, GS, Uranium mining, Lithium, Seaborg

COPENHAGEN, Denmark, June 19, 2023 /PRNewswire/ -- KEPCO Nuclear Fuel (KNF), GS Engineering & Construction, and Seaborg have announced a collaboration to investigate the feasibility of developing a LEU fuel salt production facility in South Korea.

Key Points: 
  • COPENHAGEN, Denmark, June 19, 2023 /PRNewswire/ -- KEPCO Nuclear Fuel (KNF), GS Engineering & Construction, and Seaborg have announced a collaboration to investigate the feasibility of developing a LEU fuel salt production facility in South Korea.
  • The three companies share the common vision of pursuing a position within fluoride fuel salt supply for the global 4th generation nuclear energy market.
  • KNF brings extensive nuclear fuel production and fluorides handling knowledge, while GS E&C have broad experience in a variety of engineering and construction projects.
  • "KEPCO Nuclear Fuel wants to explore adding molten salt fuel for 4th generation reactors to our portfolio, enabling us to stay on the forefront of nuclear fuel development in a strive to serve our clients", said Mr. Choi Ik-Soo (President & CEO, KEPCO NUCLEAR FUEL.)